Niantic, The Company Behind Pokemon Go, Has Raised a New $245 Million Funding Round

Augmented reality developer Niantic said Wednesday it has raised $245 million in a Series C funding round led by venture capital firm IVP.

In 2015, Niantic spun out of Alphabet as an independent, private company with $35 million in Series A funding from The Pokemon Company Group, Google and Nintendo.

Following the launch of Pokemon Go, the company raised $200 million in Series B funding, led by Spark Capital and included additional investors such as NetEase.

This latest round will bring the company’s valuation to nearly $4 billion.

“IVP is excited to support Niantic in building the future of AR,” IVP’s Sandy Miller said in a statement. “It delivers the magic of AR through highly popular games, but ultimately by delivering an operating system for applications that unite the digital world with the physical world.”

The Series C funding will go toward advancing users’ AR experiences by investing in advanced capabilities, machine learning and the Niantic Real World Platform, the company’s operating system that bridges the real and digital world.


https://techupdate.com.ng/2019/01/17/niantic-the-company-behind-pokemon-go-has-raised-a-new-245-million-funding-round/

I played Pokemon on the Nintendo console when it wasn’t mainstream yet! Game 2003 release https://romsmode.com/roms/gamecube/pokemon-colosseum-427793 I was then 12 years old. At that time it was very cool. But the game did not receive such popularity, since not everyone could buy a Nintendo. But now almost everyone has a mobile phone.

We also play this pokemon on the Nintendo console after 6 months from release. And that time this was not that much popular game, and also not able to buy this game that time. But Now this is one of the best Nintendo console game and also everyone like this.